How to Register for TDS (Tax Deduction System)

(TDS) Tax Deductible at Source, it is the quarterly statement that a deductor submits to the Income Tax Department. It indicates the summary of each entry for the TDS collected or paid by the deductor to the Income Tax Authority. Unlike, the TDS amount, which is deducted during payment, it is deducted when the income is credited into the payee’s bank account or during making payment, whichever is earlier.

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